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Let The Merry Trade Begin

By Benny Nardino | April 30, 2006

Last Week I left some comments on the Euro trend. But prior to that I had taken a up a very low risk trading position with only $10 per pip trade on the long term @ 1.2182 since April 17, 2006. At the moment, I am still on which if I have closed last Friday @ 1.2633, it would given me 451 pips from entry.

But I am staying on the ride to let it run unless there is a pull-back of over 50 pips, (Trailing stop-loss) which case I will be taken out.

Beside this position, I have also traded the EUR/USD and Cable (GBP/USD) dailies to some handsome profit last week because these crosses tend to track one another. If you have been following my report on Thursday you would have noted that the initial range I had anticipated have been reached.

I hope you all play your trades wisely next week. It’s not over yet..

Have a great day of trading.

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“A Mentor’s footprint is worth a thousand walk of trailblazing. Seek the WISDOM of the fore-runners.” — Benny.

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